RBI says card-based B2B payments stopped for violating Payme

On Wednesday it was reported that RBI had directed global payment giants Visa and Mastercard to suspend card-based commercial transactions by both small and large businesses due to mounting apprehensions over Know Your Customer (KYC) compliance.

Related Keywords

, Visa , Mastercard , Reserve Bank , Settlement Systems Act , Know Your Customer , Settlement Systems , Payment Aggregator , Rbi , Lisa , Card Based B2b Payments , Ard Based Business To Payments , Payment And Settlement Systems Act ,